SOFTWARE PROJECT MANAGEMENT
QUALITY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A company’s ____ is the coordinated series or sequence of functional activities necessary to transform inputs into the finished goods or services that customers value and want to buy.
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process layout
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functional demand
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organizational hierarchy
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value chain
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Explanation:
Detailed explanation-1: -What is a value chain? A value chain is a the coordinated series or sequence of functional activities necessary to transform inputs such as new product concepts, raw materials, component parts, or professional skills into the finished goods or services customers value and want to buy.
Detailed explanation-2: -Value Chain (Michael Porter) Refers to the idea that a company is a chain of functional activities. that transform inputs into an output of goods and services that customers value.
Detailed explanation-3: -The five key (primary) activities that generate higher profits include inbound logistics, operations, outbound logistics, marketing and sales, and services.
There is 1 question to complete.